Intro Quizizz (Welcome to Econ)

Inflation, as measured by percent change, was approximately 2.5% on average in the US at the end of 2023. In which state was inflation the highest?

• Maryland

• Washington

• Tennessee

• Maine

You will have to be able to work with percentages in this class. What is 20% of 40?

Hint: you must convert 20% to decimal form by moving the decimal two places to the left and then multiply by 40. Use google calculator if you do not own one.

• 4

• 20

• 8

• 12

You will have to understand and interpret very large numbers in this course, such as the United States National Debt is equal to $36 Trillion.

$36 Million = $36,000,000

$36 Billion = $36,000,000,000

$36 Trillion = ???

• $36,000,000,000,000

• $36,000,000,000,000,000

• $36,000

• $3.6 Billion Billion

If you need to go to the bathroom in between classes, ________________

• you should hang out with friends until the every last second possible.

• you should wait until the bell is about to ring and then ask the teacher, so that you can be counted tardy in PS.

• you had better hold it until the end of the day.

• you are allowed! No need to drop off your stuff and ask the teacher permission. Of course you can use your free time how you want.

Can you fill up your water bottle in between classes?

• Yes, but of course you still have to be in class on time. You have 7 minutes to pull this off.

• Absolutely not!

• Water is considered a prohibited substance.

• "If you don't eat your meat, you can't have any pudding. How can you have any pudding if you don't eat your meat?"

Go to https://www.bls.gov/

Look at the "latest numbers" (data) on the right side of your screen. The unemployment rate in December 2024 was:

• 0.4%

• 3%

• 4.2%

• 5.6%

Go to https://www.bls.gov/

Use the inflation calculator (picture provided of what it looks like)

Find out what $10 in in October 1983 (when I was born) has the same buying power as November of 2024.

• $13.15

• $15.28

• $31.24

• $78.81

• 1.4%

• 5.1%

• 2.3%

• 6.8%

You will learn about the following things in this course (pick all that apply): ​ ​ ​ ​ ​

(a)   (b)   (c)   (d)   (e)  

• Government Bonds
• Inflation Rate
• Supply and Demand
• Market Structures
• Exchange rates
• Credit Cards
• W2 Tax Forms
• Accounting Spreadsheets

You will eventually take out a loan to buy a car, house, or some other costly item. If interest rates are high, the cost of the loan: _______

• is the same regardless of the interest rates; interest rates don't apply to loans.

• is cheaper; high interest rates are great for loans.

• is more expensive; high interest rates aren't good for loans.